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Palantir chief says France's digital sovereignty push 'backfiring'

Palantir chief executive Alex Karp said Wednesday that French regulatory restrictions, including limiting government use of US-made software, were proving counterproductive.

US energy firms dominate Venezuela deals worth billions

US energy firms on Wednesday signed a raft of multibillion-dollar deals with Venezuela, days after the South American country agreed to grant the United States control of a huge chunk of its vast oil reserves.

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Stocks hit as recession fears overshadow China reopening hope

Most stocks suffered more selling Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession.

Vietnam's VinFast files for US IPO as it targets global market

Vietnam's homegrown carmaker VinFast, which plans to sell the first ever Vietnamese car in the United States, said Wednesday it has filed for an initial public offering (IPO) in the country.

Asian stocks hit as recession fears overshadow China reopening hope

Asian stocks extended a global sell-off Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession.

China's November imports, exports plunge due to Covid rules

China's imports and exports plunged in November to levels not seen since early 2020, official figures showed Wednesday, as severe Covid restrictions hit the economy hard.

China's November imports, exports plunge owing to Covid rules

China's imports and exports plunged in November to levels not seen since early 2020, as strict Covid restrictions hit the economy hard, according to official figures released Wednesday.

World economy faces more pain in 2023 after a gloomy year

This was supposed to be the comeback year for the world economy following the Covid pandemic.

Germany's homegrown cannabis industry awaits legalisation

In the east German countryside, close to Dresden, a former abattoir is now home to the biggest indoor cannabis farm in Europe.

Asian equities, oil prices dragged by recession fears

Asian investors extended a sell-off across global markets Wednesday while oil held losses on growing fears Federal Reserve monetary tightening will tip the US economy into recession.

Pumping 'new black gold', Saudi DJs sense big opportunities

Ravers sporting face paint and flashing LED sunglasses jump in time to the thudding beats of Dish Dash, a DJ act whose rise mirrors that of the Saudi music scene.

Xi travels to Saudi for three days of Mideast outreach

Chinese President Xi Jinping arrives in Saudi Arabia on Wednesday for three days of meetings with regional leaders likely focused on energy.

UK pubs feel Christmas pressure as inflation bites

Inside the Mad Hatter pub in central London's South Bank district, everything is ready: the big tree, the bright lights, the fun Christmas signage.

Biden celebrates US manufacturing comeback at giant semiconductor project

President Joe Biden declared the comeback of US manufacturing Tuesday at the site of a mammoth expansion to a Taiwanese-owned semiconductor plant aimed at breaking risky US dependency on foreign-based producers for the vital component.

Recession fears weigh on stocks as US oil prices hit 2022 low

Wall Street stocks fell again Tuesday, tumbling after leading bankers warned of rising recession risks, while worries of an oil-supply glut sent the US benchmark to its lowest level of 2022.

EU and the Western Balkans look to strengthen ties

European Union and Western Balkans leaders showed willingness to strengthen ties on Tuesday, although integration of the volatile region remains a distant project.

Biden celebrates giant semiconductor project in Arizona

President Joe Biden flew Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, citing the project as proof that the United States is finally breaking dangerous dependency on foreign manufacturers for the vital component.

Meta expected to face new fines after EU privacy ruling

Meta is expected to face another large fine after Europe's data watchdog on Tuesday imposed binding decisions concerning the treatment of personal data by the owner of Facebook, Instagram and WhatsApp.

Airlines to return to profit in 2023: IATA

Airlines are expected to return to profit next year for the first time since 2019 despite slowing global growth as they recover from a Covid-induced crisis, an industry group said Tuesday.

Croatia sets sights on Europe's border-free club

If Croatia gets approval this week to join the world's largest visa-free area, the massive queues of vehicles at the borders with its European neighbours will become history.

Xi visit spotlights warming Saudi-China ties, and their 'limits'

When Chinese President Xi Jinping visits Saudi Arabia from Wednesday, the oil-rich kingdom will seek mostly economic gains rather than a meaningful shift away from its longtime protector the United States, analysts say.

Markets drop as Fed worries offset China's Covid easing

Stock markets mostly fell on Tuesday as fears that the US Federal Reserve will maintain its aggressive anti-inflation measures trumped growing optimism over China's economic reopening.

Oversight board slams Meta for special treatment of high-profile users

An oversight panel said on Tuesday Facebook and Instagram put business over human rights when giving special treatment to rule-breaking posts by politicians, celebrities and other high-profile users.

South African GDP rebounds to scale new peak

South Africa's economy rebounded beyond pre-Covid levels in the third quarter of 2022 to reach its highest-ever peak, official data showed Tuesday.

Biden celebrates giant semiconductor project

President Joe Biden flies Tuesday to Arizona to celebrate the mammoth expansion of a Taiwanese semiconductor plant, citing the project as proof that the United States is finally breaking dangerous dependency on foreign manufacturers for the vital component.

EU agrees ban on imports driving deforestation

The European Union reached an agreement Tuesday to ban the import of products including coffee, cocoa and soy in cases where they are deemed to contribute to deforestation.

Tunisia film portrays 'modern and connected' rural youth

The Tunisian director of "Under the Fig Trees", which portrays young harvest workers, said she hoped the award-winning drama film would "smash the cliche" that rural women are "miserable and closed".

Asian, European markets drop as Fed worries offset China Covid easing

Most Asian and European markets fell Tuesday and the dollar rose as fresh fears that the US Federal Reserve will push interest rates higher than hoped overshadowed growing optimism over China's economic reopening.

Asian markets hurt as Fed worries offset China Covid easing

Most Asian stocks fell Tuesday and the dollar rose as fresh fears that the US Federal Reserve will push interest rates higher than hoped overshadowed growing optimism over China's economic reopening.

Philippine lawmakers propose $4.9 bn sovereign wealth fund chaired by Marcos

Philippine lawmakers have proposed a $4.9 billion sovereign wealth fund to be chaired by President Ferdinand Marcos Jr to boost growth, but critics warn it will be prone to graft and risk Filipino pensions.

China's ruling party lauds late leader Jiang Zemin

Sirens wailed across China as the Communist Party eulogised late leader Jiang Zemin Tuesday, hailing him as a patriot who "dedicated his life" to the country.

Asian markets swing as Fed worries offset China Covid easing

Asian markets were mixed Tuesday as fresh fears that the US Federal Reserve will push interest rates higher than hoped played off against growing optimism over China's economic reopening.

Ukraine races to restore power grid post-Russia strikes as winter comes

Ukraine worked to restore power on Tuesday after Russia's latest wave of missile strikes caused power disruptions across the country, right as winter frost builds and temperatures plunge.

China comes to standstill for late leader Jiang's memorial

Sirens wailed across China as the country came to a standstill Tuesday during a public memorial service for former leader Jiang Zemin, a tentative moment of unity after anti-lockdown protests shook the nation last week.

Portugal Colonial - Economy (English)